OPERATING CANADA’S NEWEST GOLD MINE

VICTORIA GOLD’s Eagle Gold Mine poured its first gold Q3, 2019 and achieved commercial production on July 1, 2020. In full production, the mine will produce 210,000 ounces per year at an AISC of less than US$800 per ounce Au. The Reserve is 3.3 million ounces of gold and the mine life is +10 years. The deposit is open at depth and along strike. Exploration potential of the greater Dublin Gulch property is good and includes priority targets Olive-Shamrock, Bluto, and Nugget-Raven.

    • Achieved commercial production;
    • H2 Guidance: 85,000 – 100,000 ounces Au;
    • Focused on early debt repayment;
    • Share price rerate as we move to full production;
    • 210,000 oz/year with high margins in Canada;
    • High potential exploration targets, Raven & Lynx;
    • Production increase with year-round stacking;
    • Mine life significantly extended at current gold price.


 

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